Mortgage & Home Equity Rates

Mortgage Rates

Conventional	Rate	APR	Points
Mortgage Rates
30 Year Fixed Rate	7.125%	7.164%	0.000%
15 Year Fixed Rate	7.125%	7.188%	0.000%
5/1 Non-Conforming ARM Primary Residence	6.875%	7.713%	0.000%
DPA	Rate	APR	Points
30 Year Fixed HOME Down Payment Assistance	7.375%	7.393%	0.000%

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Home Equity Rates

Table data for Home Equity Line of Credit
09-22-2023
Annual Percentage Rate ¹	Index ²	Margin	Loan to Value ³	Alert Me
8.00%	8.50%	- 0.50	up to 80%	Receive a notification when this rate changes

9.50%	8.50%	+1.00	80.01% - 90%	Receive a notification when this rate changes

*APR: Annual Percentage Rate. Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $600. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.

Table data for Home Equity Plus
09-22-2023
Annual Percentage Rate ⁴	Term	Monthly Payment per $1000 ⁵	Loan to Value ³
6.50% ⁶	5 years	$19.57	up to 80%

7.50% ⁶	10 years	$11.87	up to 80%

7.99% ⁶	15 years	$9.55	up to 80%

Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $600. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.

Table data for Home Equity Plus CLTV 80.01% to 90%
09-22-2023
Annual Percentage Rate ⁴	Term	Monthly Payment per $1000 ⁵	Loan to Value ³
7.50% ⁶	5 years	$20.04	up to 90%

8.50% ⁶	10 years	$12.40	up to 90%

8.99% ⁶	15 years	$10.14	up to 90%

Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $600. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed. CLTV is Combined Loan-to-Value ratio.

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Disclosures

¹ All rates quoted are subject to change monthly, the maximum interest rate is 18% and the minimum interest rate is 4.50%. The rate may increase after the consummation of the loan. These are our posted rates; your rate could vary according to your credit.

² The Index is the Prime Rate published in the Wall Street Journal on the last Wednesday of each month.

³ Maximum loan to values may vary based on market conditions. Up to 90% LTV with a current appraisal. Other restrictions may apply. Call a loan officer for further details.

⁴ These are our posted rates; your rate could vary according to your credit.

⁵ The payment amount may be higher if escrows for property taxes, homeowner's insurance or mortgage insurance are applicable.

⁶ Fixed Rate

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Home Equity Rates